Yahoo Finance Trending tickers: Gamestop, Nvidia, Fresnillo, Bellway
GameStop (GME)
GameStop stock is on a tear again in premarket trade, with futures up 34% having risen 47.5% on Thursday, as memestock influencer dubbed 'Roaring Kitty' scheduled his return to YouTube.
Social media posts by Keith Gill spurred on the rally as the "Roaring Kitty" channel on YouTube showed a livestream scheduled for 12pm ET on Friday.
GameStop's stock price has headed as high as $64.83 a share in previous weeks as Gill returned to X. At Thursday's close the price stood at $46.55, with futures contracts currently pointing to an open near $62 per share.
The last time GameStop reached those heights was November 2021 as Reddit fuelled speculation by retail investors.
Nvidia (NVDA)
Nvidia stock looks set for a calmer day of trade, after losing 1.2% of value on Thursday, ahead of its planned 10-for-one stock split.
The pullback came after the chip giant hit the coveted $3 trillion mark. Wednesday's move pushed the chip giant past Apple, making it the second-most-valuable company on the US stock market before the early retreat. Microsoft (MSFT) currently holds the top spot.
The rally came amid a broader gain in tech stocks, with softer US economic data and a decline in Treasury yields boosting markets on hopes the Federal Reserve may cut rates as early as July.
Nvidia has been the poster child for investor enthusiasm in artificial intelligence, which accelerated with OpenAI's release of ChatGPT in late 2022.
The stock is up over 140% this year and 200% over the last year; Nvidia shares have gained more than 3,300% in the last five years. Over those same periods, the Nasdaq has gained a more modest 14%, 29%, and 126%, respectively.
Read more: UK house prices stall amid high mortgages
Fresnillo (FRES.L)
Miner Fresnillo was among the top fallers in the FTSE 100 on Friday, dipping around 2.3% after a rally into Thursday.
The declines track that of bellwether commodity copper (HG=F), which dipped below $10,000 per metric ton amid growing global inventories and sluggish US job openings data.
Copper prices had been on the up since February.
Bellway (BWY.L)
UK housebuilder Bellway increased the average house sale price forecast on Friday, as better customer affordability improved its outlook.
Its stock rose 0.9% in London on the report, despite data from Halifax which suggests house prices are cooling due to high mortgage rates.
"Bellway has delivered a solid trading performance supported by improved affordability and a seasonal uplift through the spring," CEO Jason Honeyman said.
Watch: GameStop surges. shorting Nvidia: Market Domination
